409 Rice St - Auto Repair FOR SALE


Elmore, OH 43416
$167,500 USD
419-494-6765
409 Rice St, Elmore, OH for Sale
$167,500 USD
Auto Repair - FOR SALE
1/3
null | 5.25% Cap Rate

Dec '26


409 Rice St
Elmore, OH 43416


OVERVIEW

Corner Lot Investment Opportunity in Elmore. Fantastic opportunity to own a high-visibility commercial asset on a high-traffic corner lot. This property features a solid, long-term tenant. Tenant is currently under lease through late 2026 and has expressed interest in a long-term extension, providing a prime opportunity for the new owner to negotiate. Current rent includes a tax contribution; per the lease, this portion is adjustable based on reassessment (property was recently reassessed and will push rent). The building has been well-maintained with recent capital improvements, including partial new windows and doors (2024), a resealed roof (2022), and HVAC (2016). Ample parking and excellent street presence make this an ideal addition to your portfolio. Extremely low owner-management required. Turn-key and ready for its next owner.

FOR SALE DETAILS

PRICE

$167,500 USD

PRICE/SF

$93 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1930

SPRINKLERS

-

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,746 SF

ZONING

Commercial

APN/PARCEL ID

019-0254003219000

ASK ABOUT THIS PROPERTY

Michael OberdickDenny Henlines Home Town RealtMore Info
419-494-6765

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Michael OberdickDenny Henlines Home Town RealtMore Info
419-494-6765

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.